Multiple Choice
All of the following statements are stated in Brazil reals (R$)
Additional information:
Selected exchange rates:
Date of purchase of inventory on hand at year-end R$1 = $.05688
Dividends were declared on June 30,20X5
Opening inventory = R$130,000
Inventory purchases for the year = R$1,570,000
Machinery,land,and buildings were purchased on June 30,20X4
Bralta is the Brazilian subsidiary of Altapro Co. ,a Canadian company.Bralta's net monetary position at June 30,20X4 was R$2,030,000.What is the accumulated translation gain (loss) under the temporal method?
A) $(33,550)
B) $ 22,140
C) $ 52,851
D) $ 52,855
Correct Answer:

Verified
Correct Answer:
Verified
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